SpaceX Voting Power
Description
SpaceX's IPO filing reveals Elon Musk and insiders will retain voting control through a dual-class share structure giving Class B shares 10 votes versus 1 for public Class A shares. SpaceX reported $24.8B in cash at end of 2025 with $92B in assets. Musk bought $1.4B in employee shares and could receive more if valuation targets up to $6.6T are met. ARK Invest backed a $1.75T valuation while some analysts warned of limited upside.
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